Sector: Retail

The long-term prospects of the GCC retail industry continue to remain positive owing to economic growth, favorable demographics, relaxation of visa rules and liberalization policies. Furthermore, the ambitious agendas adopted by the GCC governments to diversity their economies are leading to significant advancements in the infrastructure and tourism sectors. This is expected to further enhance the value proposition of the region. Going forward, larger e-commerce players are likely to acquire niche operators offering customized products and services while traditional players will continue to collaborate with digital platforms to reach out to a wider audience.

Alpen Capital’s comprehensive industry research reports on the retail sector feature forecasts on the size of the market including food and non-food retail sales across the six GCC nations, along with in-depth analysis on recent trends, growth drivers and challenges facing the segment. Furthermore, the report also profiles some of the select retail companies in the region.

GCC Retail Industry Report 2024

According to Alpen Capital, retail sales in the GCC are projected to grow at a CAGR of 4.6% to reach US$ 386.9 billion in 2028 from US$ 309.6 billion in 2023. This growth is expected to be supported by an increase in population, rise in per capita income and boost in tourism activities. E-commerce is […]

GCC Retail Industry Report 2022

According to Alpen Capital, the GCC retail industry sales are forecasted to grow at a pace of 5.7% CAGR between 2022 and 2026 to reach US$ 370.0 billion. The industry is expected to see renewed growth largely driven by the anticipated rebound in economic activity, increase in population, upcoming mega events and rising adoption of […]

GCC Retail Industry Report 2019

Industry Outlook According to Alpen Capital, the size of the GCC retail sector is projected to grow at a CAGR of 4.0 per cent from US$ 253.2 billion in 2018 to US$ 308.0 billion in 2023. Retail sales have been under pressure in the recent years but are estimated to recover and grow through 2023. […]

GCC Retail Industry Report 2017

The GCC retail sector continues to remain an active contributor to the region’s economic development. Although the sector is experiencing a slowdown, the long-term fundamentals of the sector remain strong and are expected to grow steadily through 2021. A favorable demography, high per capita income and an active tourism industry have attracted renowned international retail […]

GCC Retail Industry Report 2015

Detailing a comprehensive perspective on the retail industry, the report states major market characteristics and changing dynamics of the industry. The report examines the key sub-segments of the retail market by analyzing the fundamental growth drivers and significant challenges and developments. The comprehensive report also profiles some of the big names in the retail industry […]

GCC Retail Industry Report 2012

Retail industry, which is one of the fastest growing sectors in the GCC has thrived over the last several years due to increasing purchasing power, growing expatriate population, changing lifestyle and an expanding tourism & hospitality industry. Retailers have benefited from the government initiatives and progressive policy agenda and have a healthy period of growth […]

GCC Retail Industry Report 2011

Alpen Capital’s GCC Retails Industry report provides a perspective of the retail sector in the GCC by examining the current industry status and size, key market dynamics, and scope for growth in the future. In addition, it includes profiles of the six GCC nations identifying country-specific macroeconomic attributes, drivers for retail growth, and recent industry […]

GCC Retail Industry Report 2010

The retail sector is leading from the front in the regions ambition to move away from oil dependency towards a diversified economy. The industry is buoyed by factors such as healthy population growth, rising per capita income, growing middle class, enhanced service sector and a burgeoning travel and tourism sector. Moreover, the modern shopping malls […]

GCC Retail Industry Report

According to the report, opposing forces are currently at work in the GCC retail market. A growing population, rising tourism and huge investments into new retail destinations will encourage increased consumption, while falling equity and real estate prices, slower economic growth and reduction in consumer credit work in the opposite direction. The report forecasts that […]